PR Log (Press Release) –
Nov 02, 2009 – A lawsuit on behalf of investors, who purchased their EnergySolutions, Inc (NYSE: ES) shares between November 14, 2007and October 14, 2008, including purchasers in or traceable to the Company's initial public offering on or about November 14, 2007 and the Company's offering on or about July 24, 2008, alleging violations of Federal Securities Laws by EnergySolutions and others is currently pending in the United States District Court for the Southern District of New York. In addition an investigation on behalf of long term investors of EnergySolutions, Inc (NYSE: ES), who currently hold their ES shares, focusing on potential claims against certain directors and officers of EnergySolutions, Inc (NYSE: ES) is ongoing.
If you a long term investor in EnergySolutions, Inc (NYSE ES) shares you have certain options and you should contact the Shareholders Foundation, Inc. at:
Email: mail@shareholdersfoundation.com
or at: +1 (858) 779 - 1554
An investor in EnergySolutions, Inc. (Public, NYSE:ES) filed a lawsuit on behalf of the above stated purchasers of the common stock of EnergySolutions, Inc. (NYSE:ES) over potential claims against EnergySolutions, certain directors and officers of EnergySolutions, ENV Holdings, LLC (“ENV Holdings”) and the main underwriters for the Offerings, for allegedly violating the Securities Act and the Exchange Act because between November 14, 2007 and October 14, 2008 and in the offering documents for the Offerings, defendants allegedly made numerous positive statements regarding EnergySolutions financial condition, business and prospects and that these statements were inaccurate statements of material fact when made because defendants failed to disclose the adverse facts. The plaintiff alleges violations under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Then on October 14, 2008, EnergySolutions issued a press release and announced, among other things, that EnergySolutions was reducing its estimates for net income, that the financial crisis would delay EnergySolutions’
ability to accelerate the decommissioning of nuclear power plant assets, and that the NRC denied the Petition for rulemaking change. Following this announcement, the price of EnergySolutions’ stock collapsed from $10.14 per share on October 13, 2008 to close at $5.64 per share on October 14, 2008 – a one day decline of $4.50 per share or 44% – on extremely heavy volume of 9.4 million shares.
Those who are long term investors in EnergySolutions, Inc (NYSE ES) shares, have certain options and should contact the Shareholders Foundation, Inc. at:
Email: mail@shareholdersfoundation.com
or at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
